This week’s properties are in Midtown, Union Square and Bedford-Stuyvesant.
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Homeowners are afraid to leave behind great deals they locked in years ago, tethered to their property by “the rate-lock effect” or “golden handcuffs.”
Fewer buyers are coming from New Jersey and more are coming from California, according to a study that tracked sales during the first half of the year.
Florian Neto of Amundi says investors are looking at the Chinese markets from the angle of earnings and that if the Chinese regulators do allow mortgages to be refinanced at a lower rate, the People’s Bank of China would need to lower short-term interest rates as well.